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Book

• A banker, especially a Eurobanker, will refer to his bank's assets and liabilities as its "book." If the average maturity of the liabilities is less than that of the assets, the bank is running a short and open book.

• Is a term which has several meanings. It can refer to a broker's client list; it may refer to the size and variety of a trader's or trading desk's positions; it may also refer to theprocess of recording a trade or transaction. Compare to Books.

• A banker or trader's positions.

 
 Embedded terms in definition
 Assets
Average maturity
Average
Its
Liabilities
Maturity
Open book
Short
Size
Trade
Trading
Will
 
 Referenced Terms
 Asset and liability management: Is the process for financial institutions and corporations to adjust their funding and usage of funds. Some approaches are the Bucket, GAP, Hedging, Matched Book, Matched Funding, Financial Swaps, and Structured Products. With the lowering of various insurance, investment and commercial banking barriers, the definition is now more inclusive. Previously, it tended to be reserved for non-investment banking and brokerage operations. Broker/dealer institutions tended to describe their hedging activities as risk management.

 Average accounting return: The average project earnings after taxes and depreciation divided by the average Book value of the investment during its life.

 Bearer bond: Is a security which does not have the owner's name on the certificate. Interest and principal are paid to the person presenting the attached coupons to the agents for payment. This type of ownership compares to registered or Book entry form.Bonds that are not registered on the Books of the issuer. Such bonds are held in physical form by the owner, who receives interest payments by physically detaching coupons from the bond certificate and delivering them to the paying agent.Bonds for which payments are made to the bearer.

 Book profit: The cumulative Book income plus any gain or loss on disposition of the assets on termination of the SAT.

 Book runner: The managing underwriter for a new issue. The Book runner maintains the book of securities sold.Refers to the lead or managing underwriter who runs or maintains the Books for the transaction. Often, this underwriter is given total credit for the size of the deal in some metrics. Here, the total value of the deal would be credited to that underwriter as if they solely did the deal. Of course, other parties would receive their remuneration.

 
 Related Terms
 

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